Morgan Stanley


  • HONG KONG, July 10- Chinese pork producer WH Group Ltd is seeking to raise up to $3 billion as early as this month in a revived Hong Kong initial public offering which saw the deal size cut by nearly two-thirds, Thomson Reuters publication IFR reported on Thursday.

  • ATLANTIC CITY, N.J., July 10- After 19 years working as a cook at Atlantic City's Showboat Casino, Dave Rose is counting the weeks until he and about 2,000 fellow workers lose their jobs when the casino is shuttered at the end of the summer.

  • July 9- Container Store Group Inc's shares fell as much as 15 percent after the maker of Elfa shelving systems reported a bigger-than-expected quarterly loss and cut its full-year forecast, hit by weak consumer spending and its decision not to offer more discounts.

  • July 9- Container Store Group Inc's shares fell as much as 15 percent after the maker of Elfa wine racks reported a bigger-than-expected quarterly loss and cut its full-year forecast, hit by weak spending and its refusal to offer bigger discounts.

  • LONDON, July 9- The U.S. Department of Defense has been using the wrong oil price in its budget, leaving the largest single buyer of fuel in the world with liabilities potentially hitting billions of dollars.

  • So anybody who sat there saying,' I am going to short the market because it is really expensive' lost their shirts, "said Tobias Levkovich, chief U.S. equity strategist at Citigroup in New York. In research notes on Tuesday, strategists at Morgan Stanley and Bank of America-Merrill Lynch both suggested that stocks are no longer inexpensive.

  • FRANKFURT, July 8- U.S. authorities have begun settlement talks with Germany's Commerzbank and Deutsche Bank over their dealings with countries blacklisted by the United States, extending a crackdown on European banks at a delicate point in U.S.-German relations. Deutsche Bank and Commerzbank declined to comment.

  • Midday Glance: Banks companies Tuesday, 8 Jul 2014 | 1:41 PM ET

    Bank of America Corp. fell$. 34 or 2.1 percent, to $15.60. JPMorgan Chase fell$. 80 or 1.4 percent, to $55.87. Morgan Stanley fell$. 80 or 2.5 percent, to $31.59.

  • *Palladium hits 13- year peak at $873.75/ oz. NEW YORK/ LONDON, July 8- Palladium rose for the 12th straight session to the highest level in more than 13 years on Tuesday, on supply concerns in South Africa, and firm demand in major car making markets China and the United States.

  • Early Glance: Banks companies Tuesday, 8 Jul 2014 | 10:30 AM ET

    Bank of America Corp. fell$. 22 or 1.4 percent, to $15.72. Citigroup Inc. fell$. 52 or 1.1 percent, to $47.46. Goldman Sachs fell $1.99 or 1.2 percent, to $165.79.

  • *Palladium hits 13- year peak at $871.80/ oz. LONDON, July 8- Gold steadied on Tuesday as the dollar's recent rally started to fade and investors awaited clearer signs from the U.S.

  • July 7- Longview Asset Management LLC became the latest PetSmart Inc shareholder calling for the company's board to consider selling itself, even as the retailer said on Monday it was reviewing potential changes in its capital structure.

  • NEW YORK, July 7- Charles Bradley Hintz, who has analyzed financial stocks for more than a decade at Bernstein Research, said on Monday that he will be leaving Wall Street to teach business at New York University and write a book. Hintz, who goes by Brad, will be joining NYU's Stern School of Business as an adjunct professor this fall.

  • Report: Homeowners paid $3.1B cash in settlement Monday, 7 Jul 2014 | 4:28 PM ET

    The banks are Aurora, Bank of America, Citigroup, Goldman Sachs, HSBC, JPMorgan, MetLife Bank, Morgan Stanley, PNC Financial Services, Sovereign, SunTrust, U.S. Bank and Wells Fargo. The $9.3 billion settlement called for $3.6 billion in cash payments and $5.7 billion in aid such as reduced mortgage loans.

  • SAN FRANCISCO, July 7- Box Inc, the online storage startup that filed to go public months ago, has raised $150 million in funding from private-equity firm TPG and hedge fund Coatue Management, the Wall Street Journal on Monday cited two people familiar with the matter as saying.

  • July 7- PetSmart Inc said it is reviewing potential changes in its capital structure, days after activist hedge fund Jana Partners LLC said it planned to ask the pet products retailer to explore a sale.

  • LONDON, July 7- The euro slipped on Monday, testing a 22- month trough against the British pound, after weak German industrial data highlighted the divergent economic prospects between the euro zone and those of its biggest trading partners.

  • *China aluminium surplus poised to shrink this year- analysts. LONDON, July 7- Copper edged further off 4- month peaks on Monday as investors took profit and stocks rose for a second day running, though lingering supply worries put a strong floor under prices.

  • SYDNEY, July 7- London copper edged lower on Monday, as traders turned defensive ahead of a slew of corporate earnings reports, but prices broadly held on to last week's 3 percent gains on tighter-than-expected supply. A six-month halt on exports from major producer Indonesia has exacerbated tight conditions.

  • What 'Transformers' says about China's economy Thursday, 3 Jul 2014 | 7:00 PM ET

    China's economy may be slowing but the latest Transformers movie has broken Chinese box office records since opening last Friday.